The US stock market is poised to finish higher today, the 30th November, 2023 as part of the Christmas rally, according to Wolfteam Ltd.'s view.
The Personal Consumption Expenditure, the inflation gauge watched by the Federal Reserve eased more than expected, while core inflation also slowed down more than expected in Europe.
All this pushed the narrative and market forecasts into The Federal Reserve,The European Central Bank cutting interest rates earlier, which is very supportive for stocks, technology stocks, especially.
No comments:
Post a Comment